Valletta, March 11:
Libya is getting it right, said a top Maltese banker and the country is en route to commercial stability
Delivering . . .[restrict]this up-beat message in the Maltese capital last week, Bank of Valletta CEO Charles Borg revealed that his bank, which first established a representative office in Tripoli ten years ago, is thinking of expanding and upgrading its Libyan operations. He said the bank was receiving a rising volume of business requests from companies operating in the Libyan market.
“I am confident that the Libyan authorities are in the process of creating a stable regulatory framework”, said Borg, “which will encourage and ease commercial transactions. We expect to expand our operations as stability continues to be restored.”
Borg added that throughout the revolution, the Bank of Valletta had continued to support its clients.